ECONOMY | WHAT REALLY HAPPENED


ECONOMY

n/a
Apr 03 15:37

Greece considering nationalising its banks and issuing new currency

Greece’s government is prepared to nationalise the country’s banks and could create a new currency to pay its bills unless the eurozone nations back down over austerity, sources have reportedly said.

Apr 03 15:00

The Troika in a Greek tavern

A German TV programme uses comedy to depict the grim reality of the Troika-imposed Greek austerity programme.

Apr 03 14:48

20 MINUTE LETHAL DOSE of Global Economic DOOM

Apr 03 14:13

Pam Oakes--Sub Prime Car Loans Gone Wild!

Apr 03 14:01

Greece preparing for Grexit, own currency

Athens is currently trying to negotiate a new bailout deal with its Troika of creditors, but if that falls ‘Plan B’ could reportedly involve getting rid of the euro and cutting off its banking system from the European Central Bank.

Apr 03 11:53

The U.S. Economy Slows to Stall Speed

This long-term weakening of the economy is the direct result of financialization and the Federal Reserve’s policy of propping up impaired debt with more debt and constantly bringing demand forward with zero interest rates.

n/a
Apr 03 11:42

More Unofficial Capital Controls: PFIC Rules

By Nick Giambruno, Senior Editor
Casey Research

It ranks at the very top of potential tax nightmares, especially if you invest internationally.

This nightmare could become a reality if you happen to invest in what the IRS deems a Passive Foreign Investment Company (PFIC), which are taxed at exorbitant rates and have highly complex reporting rules. Most foreign mutual funds are PFICs, as are certain foreign stocks.

It’s not illegal to invest in a PFIC, but practically speaking, the costs of doing it are so incredibly onerous that it’s prohibitively expensive in the vast majority of cases.

PFIC rules amount to unofficial restrictions on investing in certain foreign assets and are yet another indicator of the disturbing trend of creeping capital controls in the US...

n/a
Apr 03 11:24

If Anyone Doubts That We Are in a Stock Market Bubble, Show Them This Article

This article's title is one way to get people to face facts.

Apr 03 11:00

IS GREECE ABOUT TO PLAY ITS GEOPOLITICAL TRUMP CARD AND IGNITE A CHAIN REACTION ACROSS EUROPE?

If the EMU powers persist mechanically with their stale demands – even reverting to terms that the previous pro-EMU government in Athens rejected in December – they risk setting off a political chain-reaction that can only eviscerate the EU Project as a motivating ideology in Europe.

Forced Grexit would entrench a pervasive suspicion that EU bodies are ultimately agents of creditor enforcement. It would expose the Project’s post-war creed of solidarity as so much humbug.

Greece could not plausibly remain in NATO if ejected from EMU in acrimonious circumstances. It would drift into the Russian orbit, where Hungary’s Viktor Orban already lies. The southeastern flank of Europe’s security system would fall apart.

Webmaster's Commentary: 

This could well be the nail in the coffin of the Euro, and possibly sink NATO as well.

Only time will tell how this will play out.

n/a
Apr 03 10:38

The U.S. Economy Slows to Stall Speed

This long-term weakening of the economy is the direct result of financialization and the Federal Reserve’s policy of propping up impaired debt with more debt and constantly bringing demand forward with zero interest rates.

The U.S. economy is slowing to stall speed–the point when gravity overcomes the lift provided by central bank free money. This deceleration is evident in a number of indicators such as gross domestic product (GDP), which is now at 0% according to the Federal Reserve Bank of Atlanta’s GDPNow model.

Apr 03 10:23

Michael Rivero: "Coming Soon, You'll Have To Pay Corporations For The Air You Breathe!"

Apr 03 10:14

Crisis and Economics: a Love Story

Since the onset of the post-Keynesian backlash of the 1970s economists have tended to put forward ‘political’ views that support one variation of crude capitalist ideology or another. The purgatory of the last seven years has forced assertion of economic contradictions that more closely approximate theoretical incoherence.

n/a

n/a

n/a
Apr 03 08:54

Crisis and Economics: a Love Story

Since the onset of the post-Keynesian backlash of the 1970s economists have tended to put forward ‘political’ views that support one variation of crude capitalist ideology or another. The purgatory of the last seven years has forced assertion of economic contradictions that more closely approximate theoretical incoherence.

Apr 03 08:31

Austria Expresses Concern Over Their Gold At BOE

The Austrian Court of Audit expresses great concern about the disproportionate amount of official gold reserves (229.6 tonnes) stored at the Bank Of England (BOE), which will be the Austrians excuse for repatriating, “the gold depository contract with the depository in England contained deficiencies” and, “gold reserves stored abroad, internal auditing measures were lacking”. They’re putting it blunt for an official source on a topic so sensitive as gold.

Apr 03 08:29

Greece submits 26-page reform plan to get €7.2bn bailout

The Greek Finance Ministry has put together a 26-page list of policy reforms, which calls for €19 billion in funds this year. The reforms also plan to tackle tax evasion, and propose a €1.5 billion privatization plan.

Greece’s international creditors- the European Commission, International Monetary Fund, and European Central Bank- must OK the detailed reform plan before Greece can unlock its next €7.2 billion in bailout funds and avoid going bankrupt. The Greek government is still hesitant to push through the reforms, as they don't align with hardline promises made back in January.

Webmaster's Commentary: 

"FUCK THE PEOPLE; GIVE US MORE MONEY!!!" -- The Money Junkies Credo

Apr 03 08:27

China proposes economic corridor with Russia and Mongolia

The revival of the ‘Great Silk Road’ that once linked China, Central Asia, and Europe won’t stop at transport, but will build a “new platform” for economic development between China, Russia and Mongolia, according to Chinese Foreign Minister Wang Yi.

"Setting up a trilateral economic corridor is one of the key points in the Chinese Silk Road Economic Belt initiative," Wang Yi said at talks with his Mongolian counterpart Lundeg Purevsuren on Thursday, TASS reported.

The idea coincides with the Eurasian transport corridor, which plans to include a high-speed train and road between Moscow and Beijing, and everywhere in between.

Apr 03 08:10

The NFL Player Dwight Freeney Sues Bank Of America

The San Diego Chargers, Dwight Freeney, linebacker is suing Bank of America (BofA), claiming that it was objective of a scheme of fraud, he says, was “aided and abetted” by the banking giant.

http://whatisusa.info/the-nfl-player-dwight-freeney-sues-bank-of-america/

Apr 03 07:25

Challenging the Power of the 1%

When you are faced with the task of moving an object but find it is too heavy to lift, what is your immediate and most natural response? You ask someone to help you lift it. And it makes all the difference.

Apr 03 07:16

Jim Willie: THE JIG IS UP

Apr 03 06:48

Ukraine’s Economy Plunges: So, Who Should Pay for It?

According to Ukrainian news-accounts, Ukraine’s economy is rapidly falling. On April 2nd was reported that “Sales of new cars in Ukraine fell to the lowest in 15 years,” and that March’s sales-volume (number of cars sold) was 23% less than that in February. Even more startlingly, “The general decline in sales of vehicles in Ukraine in January-February 2015 compared to the same period in 2014 was 67%.” So, whenever comparisons go back not merely month-to-month but to the situation prior to the February 2014 coup by the Obama Administration in Ukraine (which was quite violent and surprised EU leaders, who knew nothing

Apr 03 04:35

Why is Gold our Universal Currency?

Apr 03 02:39

Soros Looks to Co-Own Ukraine

Billionaire hedge fund manager George Soros has proposed a $1 Billion contribution of a combined $50 Billion investment package in the Ukraine in order to form an economic barrier to Russia’s entry to the war torn nation.

Apr 03 01:26

Oil falls nearly 4%

Oil falls nearly 4% after tentative nuclear deal for Iran

Brent oil fell nearly 4 per cent on Thursday after a preliminary pact between Iran and global powers on Tehran's nuclear program, even as officials set further talks in June and analysts questioned when the OPEC member will be allowed to export more crude.

(*as they keep pumping us with war is good / diplomacy is wicked evil . )

n/a

n/a

n/a
Apr 02 18:31

'Not Nearly Enough': McDonald's Wage Hike Lambasted as Publicity Stunt

One day after fast-food workers and their supporters called for a nationwide strike to demand higher wages and the right to form a union, McDonald's announced Wednesday that it will raise pay for about 90,000 of its U.S. employees—only those who work at the 1,500 locations owned by the corporation—as of July 1, 2015.

Apr 02 17:37

THE ENDURING REALITY OF GOVERNMENT BY WEALTH AND SOME OF ITS CONSEQUENCES

If you really want to understand the world in which we live – its endless wars, coups, interventions, and brutality towards great masses of people – you need to start with a correct understanding of the political machinery at work. Talk of liberal interventions or fighting for rights, Western values, and democracy are hopelessly naïve and mostly deliberately deceptive. America’s record in such matters is one of securing everything from bananas, copper, and crude oil concessions to, at the very least, foreign governments obedient to its mandates after removing a disliked leader, whether elected or not. There is no concern for principles outside of their being featured in blowhard, insincere political speeches. The interests of America’s government do not match the interests of ordinary people, those in America or anywhere else, and, were the informed consent of the governed genuinely involved in launching bloody adventures, they likely never would happen.

Apr 02 16:48

Behind On Your Student Loans? These States Will Take Your Driver's License

Before you think about holding out for a taxpayer government-sponsored bailout on your student loans, you may want to check the laws in your state because as it turns out, you may end up losing your driver’s license or worse, your barber’s license.

Apr 02 16:48

The Tragedy Of The American Farmer, Revealed In A Craiglist "For Sale" Post

Not so long ago, US farmland - whose prices were until recently rising exponentially - was considered by many to be the next asset bubble. Then, almost overnight, the fairytale ended, and as reported in February, US farmland saw its first price drop since 1986.

Apr 02 16:43

What God Wants, God Gets

God wants light. God wants mayhem. God wants a clean fight. God wants peace. God wants war. God wants famine. God wants chain stories. God wants sedition. God wants sex. God wants freedom. God wants Semtex. God wants boarders. God wants crack. God wants rainfall. God wants wetbacks. God wants voodoo. God wants shrines. God wants law. God wants organized crime. God wants crusade. God wants jihad. God wants good. God wants bad.

What God wants God gets

Apr 02 15:50

Pension crisis in NJ and York, Pa.

Apr 02 15:09

HSBC is 'cast-iron certain' to breach banking rules again, executive admits

Bank’s global head of sanctions told monitors in private meeting that HSBC’s size made large-scale regulatory breaches a virtual inevitability

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA